RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES

12 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES

NOTE 5 – RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES

The Company was previously advanced funds by a third party, the funds were used to pay certain professional fees including auditors, and accountants. The Company has agreed with the third party with respect to settlement of the amount advanced. For the year ended June 30, 2022, we recognized a gain on cancellation of third party advances and accrued liabilities, amount of $104,760. As of June 30, 2022, there were no amounts owed to third parties outstanding.

For the year ended June 30, 2022, the Company was advanced funds by a shareholder. The funds were used to pay certain professional fees including auditors and accountants. The balance is non-interest bearing and due on demand. As at June 30, 2022, there was a balance of $11,473 due to the shareholder.

For the years ended June 30, 2021, the previous sole Director and Officer of the Company, earned fees of $12,000. The Company did not pay any other form of compensation to the Company’s sole Officer. There were no other related party transactions.